Bibtex export
@article{ Gil-Alana2009, title = {International travelling and trade: further evidence for the case of Spanish wine based on fractional VAR specifications}, author = {Gil-Alana, Luis Alberiko and Fischer, Christian}, journal = {Applied Economics}, number = {19}, pages = {2417-2434}, volume = {42}, year = {2009}, doi = {https://doi.org/10.1080/00036840701858083}, urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-242476}, abstract = {This paper deals with the relationship between international travelling and trade. For this purpose we focus on a particular case study: the connection between the Spanish wine exports to Germany and the German travellers to Spain. Unlike previous studies we use a methodology based on fractional vector autoregressive models, which permits us to compute the impulse responses in a similar way as in the standard VAR case. The results show that the orders of integration of the two series are constrained between 0 and 1, being higher for the arrivals series than for the exports. The impulse response analysis reveals that an increase in travelling produces a positive initial impact on trade though it tends to disappear in the long run.}, keywords = {Spanien; export; Wein; wine; Export; Spain}}